Vanguard Natural Resources Increases Monthly Distribution

The company incrementally boosts its payout by a quarter of a cent.

Vanguard Natural Resources (NASDAQ:VNR) is pumping out a higher payout for its unit holders. The company has declared its monthly distribution for April, which is to be $0.2050 per unit, paid on June 14 to holders of record as of June 3. That amount is incrementally higher than the firm's March distribution of $0.2025. Vanguard Natural Resources had paid that amount in every month stretching back to last December. Prior to that, it handed out an even $0.20 per share.

The new distribution annualizes to $2.46 per share. That yields 8.4% at Vanguard Natural Resrouces' most recent closing stock price of $29.41.

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Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.